Scott Davis to Retire, Remain Chairman of Shipping Giant

United Parcel Service Inc. named David Abney to succeed Chief Executive Scott Davis on Sept. 1, signaling the U.S. shipping giant's growing focus on international operations.

Mr. Abney, a 40-year company veteran and the current chief operating officer, will also be responsible for steering UPS through the explosion of e-commerce and improving its U.S. capabilities after it couldn't keep pace with Christmas shipments last year.